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Tesla shares fall below S&P 500 entry level in premarket trade

Electric vehicle maker Tesla (TSLA) was trading at $692.13 in early premarket action on Tuesday -- below the $695 it closed at before entering the S&P 500 . If Tesla were to close at that level, it will have dropped more than 20% from its Feb. 2 peak. Other members of the NYSE FANG+ index including Facebook (FB) and Apple (AAPL) have also dropped sharply as interest rates have climbed.

-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

02-23-21 0423ET

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